EARNINGS PER SHARE

9 Months Ended

Sep. 27, 2025

Basic income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted income per share includes the effect of all potentially dilutive securities, which include dilutive stock options and other stock-based awards.

The following table sets forth the calculation of earnings per share and weighted-average common shares outstanding at the dates indicated (in thousands, except per share data):


	Three Months Ended				Nine Months Ended
	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024
Net income	$	39,400	$	56,284	$	107,160	$	122,535

Weighted-average common shares outstanding—basic	80,396		84,707		81,909		85,285
Effect of dilutive securities	1,033		785		903		754
Weighted-average common shares outstanding—diluted	81,429		85,492		82,812		86,039

Earnings per share
Basic	$	0.49	$	0.66	$	1.31	$	1.44
Diluted	$	0.48	$	0.66	$	1.29	$	1.42

Effects of potentially dilutive securities are presented only in periods in which they are dilutive. For the three and nine months ended September 27, 2025, outstanding stock-based awards representing 0.1 million and 0.9 million shares, respectively, of common stock were excluded from the calculation of diluted earnings per share because their effect would be anti-dilutive. For each of the three and nine months ended September 28, 2024, outstanding stock-based awards representing less than 0.1 million shares of common stock were excluded from the calculation of diluted earnings, because their effect would be anti-dilutive.